H1 2024: Telecom layoffs continue as Cisco, Telefonica, Telstra, Vodafone & others shrink headcount

NEW DELHI: In the first half of 2024, the telecom industry globally continued to announce job cuts totaling thousands, seeking to rein costs amid inflationary pressures, streamline operations, and slim the organisational structure. The arrival of artificial intelligence (AI), and the uncertainty cast by European vendors Ericsson and Nokia over the growth of the radio access network (RAN) market this year due to a slowdown in 5G equipment sales in major markets like North America and India may further compound troubles for workers.